Superannuation | Jane Clark Financial Management

Maximise Your Super Contributions Before Financial Year End

Reflection, Superannuation, Tax Planning / June 6, 2024 June 3, 2024

Learn how to enhance your retirement savings and reduce your tax bill with superannuation planning strategies such as understanding contribution caps, making catch-up contributions, taking advantage of government co-contributions and spouse contributions.

When Is the Best Time to Retire and How?

Estate Planning, Family home, Intergenerational Financial Planning, Investment, Property, Reflection, Retirement, Superannuation / May 23, 2024 May 22, 2024

Deciding when to retire is one of the most significant financial decisions you'll make. The right time to retire varies for everyone, influenced by personal circumstances, financial readiness, and lifestyle goals. Here, we'll explore key considerations for determining the best time to retire and how to prepare for a comfortable and fulfilling retirement.

Understanding Insurance in Your Self-Managed Superannuation Fund

Reflection, Risk Insurance, Self-Managed Superannuation, Superannuation / May 2, 2024 April 30, 2024

When setting up a Self-Managed Superannuation Fund (SMSF), many are advised to consider how best to handle their insurance needs. While some opt to retain their previous retail or industry super fund accounts primarily for insurance purposes, others explore the potential of integrating insurance directly into their SMSF. In this article, we discuss why and how you can efficiently manage insurance through your SMSF.

What’s a Super Retirement Bonus?

Reflection, Superannuation / March 21, 2024 March 19, 2024

Understanding retirement bonuses from super funds can help you get more money for your retirement. These bonuses are a way for super funds to thank you for keeping your money with them as you move from working to retiring. Not all super funds offer these bonuses, and they can vary a lot, so it's important to check how they fit into your overall money plan.

Wanna Know a Super Secret for Retirement?

Reflection, Retirement, Self-Managed Superannuation, Superannuation / August 31, 2023 August 31, 2023

You can generate super savings in two ways: contributions and investment earnings. While you work, investment earnings are really important. Once you retire, earnings become even more important.

Wanna Know a Super Secret?

Reflection, Retirement, Self-Managed Superannuation, Superannuation / August 24, 2023 August 23, 2023

Working Australians contribute money into super each year. It may be tempting to think that these contributions make up the bulk of your retirement savings. But, for most people, that’s not how it works. There’s a super secret and we want to let you in on it.

Retire Well with an Income Stream

Reflection, Retirement, Self-Managed Superannuation, Superannuation / August 17, 2023 August 15, 2023

You know that the worst of Covid is behind us when the rules for your super start to bounce back to normal. On July 1 this year, we saw yet another temporary Covid measure come to an end. Minimum income stream payments are back to where they were in 2019.

What’s Changing in the New Financial Year?

General, Reflection, Superannuation / July 13, 2023 July 13, 2023

New financial year, new financial rules. Here are some of the Government changes that took effect on 1 July. We will look more closely at these and other changes in the weeks and months ahead.

The End Is Nigh (of the Financial Year, that is)

Reflection, Self-Managed Superannuation, Superannuation / June 8, 2023 June 6, 2023

June 30 is sneaking up on us and there are only three more weeks until the end of the year. Time to really make sure you have all your ducks in a row. Here is our year end ‘to-do’ list for all things superannuation.

More on Budget 2023

Business Advice, Family home, General, Reflection, Superannuation / May 18, 2023 May 12, 2023

Last week we looked at the recent Budget’s ‘big picture’ – the unexpected surplus of $4 billion. This week, we take a closer look at some of the specific announcements. There were no really ‘big’ announcements (other than the surplus); rather there were a suite of smaller changes.